Barclays steals RBS's crown as UK's 'least trusted bank'

Barclays is the least trusted bank in Britain, according to a new survey.

Nearly one in five consumers say Barclays is the financial provider they trust the least, with the bank receiving more than twice the number of negative votes than Royal Bank of Scotland, the second most reviled institution.

The survey by magazine Moneywise revealed that for every positive comment about Barclays, there were four critical ones.

'Least trusted': Barclays

Many respondents cited last year’s Libor-fixing scandal, which saw the bank fined almost £300million, as the number one reason why they no longer had faith in it.

‘Interestingly, unlike previous recipients of the title, in 2013 credibility has been lost at an institutional level after a run of scandals rather than off the back of events that had immediate effects on consumers.’

Barclays takes the unwanted title from RBS, voted the worst bank in 2012. Barclays said that it was ‘disappointed and surprised’.